Post Utme Pan Atlantic University 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue curve given by MR = 2P. If the monopolist produces 40 units, what is the price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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